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jueves, 13 de junio de 2013

What can be done to help financing small companies in the EU?

Amid the crisis there’s a new wave of entrepreneurial projects emerging across Europe. Although “officially” the credit crunch is over, for smaller companies some big problems remain. One urgent matter for them is how to get proper funding. For this reason small and medium businesses (SMEs) are currently searching for viable alternatives to banks. Paradoxically, although the ECB is making more cash available to banks in the Eurozone, the truth is that financial institutions keep being reluctant to lend to their family and business clients. As banks won't trust a company unless it has a long trading record, sadly many projects are left outside the lending process.

"The structure of the United States of Europe, if well and truly built, will be such as to make the material strength of a single state less important. Small nations will count as much as large ones and gain their honour by their contribution to the common cause. The ancient states and principalities of Germany, freely joined together for mutual convenience in a federal system, might take their individual places among the United States of Europe". Sir Winston Churchill,1946.